Education & News
Two of the most powerful central banks in the Middle East (UAE and Dubai) released a report on a joint central bank digital currency (CBDC) project. The report concludes that the CBDC is technically viable for cross-border payments. CBDC Trail a Success Project Aber involved the establishment of a "
Bitcoin
With each new week, people in Nigeria find more reasons to use cryptocurrencies such as Bitcoin to make their lives easier in an economy which lacks the financial infrastructure necessary to operate in a 21st century world. Nigeria Pushed to Adopt Cryptocurrency It is no surprise that Nigeria is one
Education & News
Ripple Labs Inc. is selling 33% (4 million shares) of its stake in Moneygram, following a surge in the price of the global money transfer company. Ripple Cashes Out on Moneygram Shares On November 27, the share price of the company fell by 4.8% at $7.42 on the
Bitcoin
With the race for central bank digital currencies (CBDC) heating up globally, Germany's Minister of Finance has urged the European Central Bank (ECB) to fast track its development of a digital euro. According to reports by Reuters, finance minister Olaf Scholz wants the ECB to move faster with
Education & News
The proposed Libra stablecoin by social media giant Facebook could go live by January 2021, according to a report by The Financial Times. The FT report cites confirmation from three people involved with the project. According to one of its sources, the Libra digital currency will be released in phases
Bitcoin
China's President XI Jinping has called on leaders of G20 countries to move forward with the adoption and development of Central Bank Digital Currencies (CBDCs). Speaking at the 15th meeting of the world's largest developed economies held in Riyadh, Saudi Arabia; President Xi discussed the importance
Africa
Akoin (AKN) cryptocurrency - the coin launched by popular musician Akon (Alioune Badara Thiam) has now been listed for trading. The crypto coin which is proposed as the official currency for payments at the Senegalese star's Akon City, is now available on Bittrex to trade against Bitcoin (BTC)
Bitcoin
Senator-elect and first female representing Wyoming Cynthia Lummis has again voiced her support for Bitcoin (BTC) saying she hopes to "bring bitcoin into the national conversation." Speaking at a recent interview on ABC News, the incoming senator narrated her experience as a former state treasurer and her reasons
Bitcoin
Lebanon central bank governor has revealed plans to launch a digital currency for the country by 2021. The proposed digital currency is a response to the freefall of the country's fiat currency - the Lebanese Lira which has seen the nation struggle with economic and financial crisis. Speaking
Education & News
The Bank of Russia has expressed interest in developing its own digital currency as necessitated by the COVID-19 pandemic. According to a press release, the Russian bank through its Central Bank Governors' Club which includes member banks from the Balkans, Central Asia, and the Black Sea region held an
Bitcoin
A pickup in volatility is expected for Bitcoin due to the U.S. elections. Investors' expectations of how turbulent the cryptocurrency markets could be over the next four weeks rose to a two-week high of 59%. Implied Volatility for Bitcoin as America Decides in the U.S. Elections As
Bitcoin
DBS Bank Ltd - Singapore's biggest bank has announced plans to launch a fiat-to-cryptocurrency exchange. The new venture dubbed "DBS Digital Exchange" will offer a platform for users to trade four crypto assets: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ripple (XRP); against fiat currencies